The job market hasn't been this good in a very long time.
The unemployment rate dropped below 4% in April for the first time since 2000. The Labor Department reported Friday that it fell to 3.9% — inching closer to territory not seen in half a century.
Employers added 164,000 jobs, slightly below what economists were expecting but better than a comparatively sluggish March. The economy has added jobs every month for seven and a half years, the longest streak on record.
Hiring gains in April were broad. Professional and business services added 54,000 jobs, health care added 24,000, and manufacturing posted an increase of 24,000 jobs.
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